The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-11-24

Sew York and cities north and east, on
demand, s. discount buying par selling
New York and principal cities north and
east, three days grace, 81 discount buying,
par selling New orleans, 81 discount buy.
ing, par selling
The only sale made q, the stock call board
today was ten shares Of Merchants compress
siock at 10.
Tho local cotton market closed steady nt an
advance Of l-lGc. Sales, 600 bales. New
Orleans spots closed firm aud up Lice, with
futures easy aud advanced 90 10 points.
Liverpool was quoted business good at
hardening rates and futures easy aud up TO
points. New York spots closed firm aud
advanced Lice, with futures steady and up
0to points.
The New York Commercial Chronicle
winds mp an article on cotton crop estimates
by stating that IL feels perfectly well assured
that the present crop WILDE In excess Of the
last one. The Memphis cotton men sirc MP
? the crop with estimates ranging from MO-.
a95 10 0,5iO000 bales. At New York ideas
seem la center around about GjO0O0O bales.
Tho Commercial Bulletin states that with
crop estimates anywhere from G0p0OO0 bales
60 100000 bales, an unusually wide diver
sty Of opinion Is scon 10 exist, the bulls
oonionding that, calling the crop 100000
tales leaves only o,9o,O 600 bales ior use, Ice
cause Il II admitted that spinnors came into
this crop hort Of stock by at least 10000
bales that 100000 bales this year will
weigh 5000 bales less than the same number
of bales bet year. that 9e.coa bale have bern
destroyed by lire, aud that $1,000 bales oi
new crop cotton passed into spinncr' hands
earlier than usual, owing 10 the iorwarlncss
81 the picking season this year they
believe the world, after -four moderate crops,
was never In such need Of cotton and the
tmdc never In such good immediate condi.
ton, nor the outlook 70 promising rs at ihc
present time. With this set of views thcy
have bought cotton and are now waiting fuI
what they call the legitimate strength Of III,
situation TO assert itself The bcar. ON th,
other hand, are rcsorting 10 the ma,icrly In.
activity tactics, and say they will help (i
the bulls scll their cotton when they get ugrd
Of holding H. Any further authentic con
nrmation ~ the $4,000 bales estimate ~ the
bureau would have a sensational interest and
be- bound 10 excite the market 90 much
higher prices. Tho bulls see nothing In III,
situation nj present 10 shake their faith IN
the market
There b nothing now In the general mar
teis except the advance Ia meats and lard
Today Thanksgiving, the banks Cotton an,
Merchants exchanges will be closed. and N,
commercial IMPORTS will be wccIycd from
any point
IMPORTS.
one hundred and niiy brls apples
$50 Ks bran. o. pkrs butter, pi6 rolls hnr
rinH - pigs baron, it6 pkgs boots an,
thocs. 800 hu corn, go pkrs cheese. u
fks coffee. i.W9 sis cotton seed, % car, cot
ton seed. 30 brls cement ~ pkgs dr.,
gOols, a. pkas eggs 1000 brs -four. -
bales hay, - pkgs hats, ~ head hogs
6 head sheep, - head cattle, $50 pkg Lard
$1,000 feet lumber ~ pkFs liquon si0 hrl
lime 900 hrls meal 10 hfls mnlnsscs. 2,u'
bu oats, 100 hrls onions, 200 brls potatoes
cars pork sides, ~ pkrs rice 272 brl
fHaaaN III f..l. fIaaN H.